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Search Results 0 to 23 of about 24 (some duplicates have been removed)
is on the fiscal cliff. washington has less than 48 hours to make a deal before billions in tax increases and spending cuts take effect. senate negotiators stayed late into the night trying to work out a plan that would pass a vote. both houses of congress would convene later this afternoon in a rare sunday session. in his weekly address, the president took his message directly to the public calling for congress to come together to pass a deal. >> for the past couple months, i have been working with people in both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy and shrink our deficits. it's a balance plan. one that would protect the middle class, cut spending in a responsible way and ask the wealthiest americans to pay a little more. and i'll keep working with anybody who's serious about getting a comprehensive plan like this done because it's the right thing to do for our economic growth. but we're now at the point where in just a couple of days the law says that every american's tax rates are going up. every american's
we are in the final hours from keeping lawmakers from going over that so- called fiscal cliff. >> economist there that the combination of automatic spending cuts and tax increases could trigger a new recession. >> and spencer explains how negotiations today must now overcome a " major setback. >> there will be part of it that i find disgusting rest principle which i may have to swallow in the name of compromise. be a rare session on capitol hill. >> the senate will come to order. >> as lawmakers try to avoid the so-called fiscal cliff. >> both sides agreed to push forward. >> i want everyone to know i am willing to go the distance. but i need a dance partner. >> vice-president joe biden departure for mcconnell. >> if is not resolved by midnight tonight tax increases will be for all americans. >> one mom said to me in michigan that is four months' worth of groceries. >> that is gas for me back and forth to work. >> democrats won higher taxes on americans earning more than two of the $50,000 a year. >> republicans want taxes to stay where they are. >> others want to see governme
the fiscal cliff could be hours away. the countdown to the new year could bring economic gloom if congress doesn't get a compromised bill to the president before midnight toe without a deal tanks are set to go up for -- midnight tonight. without a deal taxes are set to go up for everybody. >> reporter: they will meet again i the tension is growing here in washington after the weekend talks failed to lead to a deal, if there is no breakthrough today, the country will go over the cliff. talks continue, this morning still no deal. >> further announcements perhaps at 11:00 in the morning, i hope so. >> reporter: republicans and democrats negotiated all weekend with the hope of passing legislation that would protect most from a massive tax hike set to kick in tonight midnight. >> the president: our top priority has to be to make sure that taxes on middle class families do not go up. >> reporter: there was optimism about a deal over the weekend when the republican leader in the senate, mcconnell made offer that ended when majority leader harry reid said he could not present a counter proposal. m
-called fiscal cliff. the president and lawmakers have just hours left to reach an agreement before the midnight deadline. tonight on ktvu channel 2 news at 5:00, a live report from washington and a look at the impact these last-minute talks are having today. >>> again, thank you for trusting ktvu channel 2 news. we'll see you the next time news breaks. also, we're always here for you at ktvu.com and mobile ktvu.com. have a good afternoon.
wake up the deadline to the fiscal cliff is just 14 hours ai wa. there's no deal yet, but members of congress are heading back to capitol hill. first, breaking news on the condition of secretary of state hillary clinton. >> she's in a new york city hospital this morning being treated for a blood clot. doctors say it's related to a concussion that's kept her out of the office for the past three weeks. margaret brennan is in washington with the latest. margaret good morning. >> reporter: good morning to you. secretary clinton is taking anti-coagulant to thin out the blood clot. doctors will monitor her for at least the next 48 hours. >> a warm welcome to the secretary of state. >> reporter: secretary of state hillary clinton was admitted to new york presbyterian hospital on sunday after doctors discovered a blood clot during what was termed a follow-up exam to check on her recovery from a recent concussion. >> thank you very much. how are you? >> reporter: clinton's health scare began after she contracted a stomach illness following a whirl wind trip through eur
from the hospital. >>> last chance. the nation now just hours from going over the fiscal cliff after lawmakers fail to reach a deal over the weekend. could a last-minute push from vice president joe biden get something done before your taxes go up? >>> and oh, baby. kanye wecakanye west surprises y announcing his girlfriend, kim kardashian, is pregnant with their first child. how her family is reacting to the news "today," monday, december 31st, 2012. >> announcer: from nbc news, this is "today" with matt lauer and savannah guthrie live from studio 1a in rockefeller plaza. >> welcome to "today" on a very busy monday morning. i'm willie geist. >> and i'm erica hill. matt and savannah have the morning off. >>> we'll have the latest on secretary of state clinton's condition in a live report straight ahead. it is the last day of 2012. >> you and i are both in the same situation with young children. >>> people filing into times square in new york city. it is the world's biggest party. of course, security will be extremely tight. we'll check in on celebrations there and around the world. >
the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news tomorrow night? >> the nikkei continues its 21-month run. how much is the boj willing to put up with? >> looking a at potential strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on
. >>> and later this hour, that live in fifth you have -- fiscal cliff you have been hearing so much >> ama: an enter sunset scam thriving this holiday season. what looks like e-mails from friends needing money are far more citizenster. the fbi has 150,000 strand traveler complaints. >> it came from halfway around the world. a frightening e-mail thatland in an abc producer's inboston. it looked like it was from a friend. my trip to the fill peoples with my family has been a mess. i was hit on the back of my neck with a club. i need you to loan me some money. was this real or a hoax? skeptical, our producer decided to play along. case, don't worry, think i can come up with a few hundred at least but we wired just 20. >> the con artist picked up the money within hours and complained. >> you should have told me you never had any money. but we didn't leave it there. we traced the e-mailer's trail halfway robbed the world to manila, where an alert western union agent told us the scammer had come into this shop this past year. >> i remember he had claimed money from me in the past. >> it's called
midnight hour when budget cuts swoop down from the fiscal cliff. harry reid and mitch mcconnell are working on a stopgap bill. >> at some point the negotiating process it appears there are things that have stopped us in moving forward. i hope we're not there but we're getting real close. >> i want everyone to know i am willing to get this know, but i need a dance partner. >> the legislation would prevent a tax increase for 98% of american workers, extend unemployment benefits and prevent a huge cut in payments to medicaid doctors. >> we should introduce legislation to make sure that middle-class taxes stay where they are. >> even if they reach a deal it won't pass congress by monday night. if it doesn't everybody's income taxes will go up. the average family would pay $3,324 would. if congress doesn't passion a new bill? >> we'll come back with a new congress in january 4th and first bill will be introduced on the floor will be to cut taxes on middle-class families. >> the bargaining continues tonight. >> ama: in two dates, new laws to take effect in california. plus, we'll break down the i
on christmas break. but will meet sunday evening, a little more than 24 hours before the "fiscal cliff" arrives. but it's not clear what legislation it might consider >> mcconnell: "hopefully there is still time. preventable economic crisis." >> reporter: and over the edge is just where the economy may go. im justine waldman for kron 4 news. >> grant: the powerful winter storm that raced across the country this week is not over yet. the storm is dumping several inches of snow in the northeast and midwest. this was the scene in syracuse new york.were residents spent the day digging out. ines ferre has the latest. >> this is causing extreme delays at several major airports. extremely frustrating, many's stores are out of salt and shovels. >> plan b, we could spend more time with the grandkids. >> numerous cancellations and they are still facing hurdles. www.floghtaware.com 400 planes have been delayed and some traveling on planes were delayed because of the de-icing. it was not enough to keep the heavy snowfall off the streets. greyhound also had to cancel many of their routes. hamburg, n.y. wit
forecast. >> leigh, thank you. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do thought go up that would hurt our economy badly. we can get that done. >> president obama called for immediate action, but there was that vote in the senate tonight. >> we are going to come in at 11:00 a.m. tomorrow morning, and we will have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> mitch mcconnell frustrated with the lack of progress called vice president biden in for help. biden is now said to be playing a direct role. >> there is no single issue that remains an impossible
, that live in fifth you have -- fiscal cliff you have been hearing so much >> ama: an enter sunset scam thriving this holiday season. what looks like e-mails from friends needing money are far more citizenster. the fbi has 150,000 strand traveler complaints. >> it came from halfway around the world. a frightening e-mail thatland in an abc producer's inboston. it looked like it was from a friend. my trip to the fill peoples with my family has been a mess. i was hit on the back of my neck with a club. i need you to loan me some money. was this real or a hoax? skeptical, our producer decided to play along. case, don't worry, think i can come up with a few hundred at least but we wired just 20. >> the con artist picked up the money within hours and complained. >> you should have told me you never had any money. but we didn't leave it there. we traced the e-mailer's trail halfway robbed the world to manila, where an alert western union agent told us the scammer had come into this shop this past year. >> i remember he had claimed money from me in the past. >> it's called the stranded traveler
the hour for immediate action is here" to avoid the fiscal cliff. if there's no deal by midnight december 31st. there will be automatic tax increases and spending cuts. we'll have more from our political analyst in a minute - but first. kron 4's justine waldman is back with more on our developing story. >> reporter: after meeting with bi-partisan leaders friday, the president said no one will get 100-percent of what they want. he said if congress can't reach a deal. congress should allow a vote on a basic package that would preserve tax cuts for middle-class americans, >> i am optimistic that we can still pass a deal in both houses in time, mitch mcconnell, and harry reid are working on an agreement as we speak >> i have my confidence destroyed on other occasions and so i hope it is not on this occasion the timing, we have to do it now that is what the next 24 hours will be very important. >> we had a good meeting in the white house we are engaged in discussions with the majority, the leader and myself in hopes that we can come forward as early as sunday and have a recommendation that i c
or sunday group on the cliff-hanger over the fiscal cliff. what will happen? and how will it affect you? ♪ >> we'll be working hard to try to see if we can get there in the next 24 hours and so, i'm hopeful and optimistic. >> whatever we come up with will be imperfect and some people will not like it and some people will like it less but that is where we are. >> chris: the two senate leaders, mitch mcconnell and harry reid on the last-ditch effort to put together a deal to avoid the fiscal cliff and it is time now for our sunday group, bill kristol of the weekly standard, former democratic senator evan byah and byron york from the washington examiner and kirsten powers of the daily beast web site. you heard mitch mcconnell say he's hopeful and optimistic. will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense c
griffith. we're just three days away from the new year. still no fix on the fiscal cliff, but there are developments right now, as you know. brian just mentioning there. various congressional leaders and the president getting set to meet at the white house this hour to work on last-minute negotiations all in an effort to avoid those series of tax increases and spending cuts due to take effect next year. what we hear is the senate leaders are there. speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq h
't more than a little ramp. those voices have been buried behind the simplicity of a fiscal cliff. the press loves a deadline. >> the press loves a deadline and loves colorful language like fiscal cliff. thanks for joining us. >>> at the top of the hour, state of the union has republican reaction to the president's interview on "meet the press." did we really need to go haywire over david petraeus? mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love w
. >>> also this half hour, it is down to the wire in washington, d.c. yes, the fiscal cliff now just four days away. can a last-ditch meeting today really, really lead to a deal? really? >> i hope so, because i'm heading to washington tomorrow. but we're going to bring you another story. you're going to want to see this. a daycare burglary that turns into child's play. oh, man, this boils my blood. the christmas day thieves whose clowning around was all caught on tape. >> unbelievable. yeah, that was one of them riding a little kid's tricycle. >>> later on, britney spears is back. she may be saying goodbye to a $15 million reality tv paycheck. and why this may not be her only personal drama this morning. we have details coming up in "the skinny" and she's part of half of "the skinny" today. britney spears has a lot going on. >> making headlines. >>> first, though, the nation is remembering a war hero this morning. general norman schwarzkopf died yesterday after battling pneumonia. >> president obama called the retired general an american original who stood tall for his country and had a l
is still on christmas break. but will meet sunday evening, a little more than 24 hours before the "fiscal cliff" arrives. but it's not clear what legislation it might consider >> "hopefully there is still time. prevent economic crisis." >> reporter: and over the edge is just where the economy may go. im justine waldman for kron 4 news. >> michael yaki is joining us. right into the deadline, five days to go. late this afternoon president obama is going to be meeting with congressional leaders. and in the over one month what can we expect any progress? >> i do not think so. but it depends. if the president is going to lay out his plan which is if you stop the tax increases for people earning $250,000 and below. and also press of spending cuts, later. let us just to get it done and keep calm however, if house speaker john peter cannot get his caucus to pass. how is it going to do it one of anything is above $250,000 wage earners? some people have no idea how they are going to get the fiscal cliff of boarding from happening. >> grant: do you think that there could be compromising? base certai
could the fiscal cliff mean for wall street and your retirement fund? i'm going to ask independent new york stock exchange trader in about one hour from now. >>> all right. let's switch gears here. because after newtown, gun buybacks are making headlines across the country. >>> and we're going to tell you how donors funded the biggest buyback ever in one connecticut town. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want in real time. only from at&t. rethink possible. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it
did you know that? >> somebody told me. >> the fiscal cliff hanger in washington, d.c. is our lead item here. with just three days before the deadline. senators working on an 11th-hour deal to try to avoid middle-class tax hikes and deep spending cuts that go into effect at the first of the new year. president obama is pushing lawmakers on both sides of the aisle to reach an agreement. >>> and help may be on the way for victims of hurricane sandy. the senate approved a spending bill worth $60 billion. the measure heads to the house where some lawmakers are hesitating to approve the bill in the final days of the current session. >>> and in maine, the first same-sex couples are legally exchanging vows today. the new law legalizing same-sex marriage went into effect at midnight, 12:01 a.m. today. some ceremonies were held overnight. same-sex marriage became legal in maryland on tuesday. become legal on tuesday. >>> and finally, talk about living on the edge. in massachusetts, several homes on plum island are in danger of plunging into the atlantic ocean. thursday's storms and pounding
to the fiscal cliff -- the stakes are high and the time is short. and so far there has been no deal reached between the lawmakers and president obama to try to avoid going over the fiscal cliff that comes on new year's day. but after a meeting at the white house, the president said he is hopeful. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> cnn's chief business correspondent ali velshi joins us from new york with some very good insight. senate majority leader harry reid has said if they don't reach something by monday he'll bring forward a bill to help out the middle class for an up-and-down vote. >> right. >> put everybody on the record, but especially republicans. isn't that the tactic? >> exactly right. the step before that is harry reid is working on some bill that might get bipartisan support in the senat
to keep the nation from going over the so-called fiscal cliff. those talks are underway in d.c.. they must overcome a major setback. >> if there is an ultimate compromise there will be parts of it find that i find disgusting and reprehensible and may have to swallow in the name of finding a compromise. >> a rare sunday session on capitol hill. as lawmakers work on avoiding the so- called fiscal cliff. they have hit a " major setback " according to a democratic source on social security. >> i am letting everyone know i'm willing to get this done but i need a dance partner. >> vice-president joe biden is apparently that person very top level sources say there are over talks. if nothing is resolved by midnight tonight, all taxes for all americans will increase. that will average $2,000 for the average family. >> one michigan woman told me that was four months' worth of groceries. that is a lot of money. >> taxes for families earning higher than $250,000 or over, republicans want taxes to stay where they are. others want to see government spending put in check. >> the president has done nothin
. he said it appears the country is headed over the so-called fiscal cliff because of lack of progress in bipartisan talks. he stressed for republicans to come up with a plan that both houses could pass and the president could sign. >> new year's eve is fast approaching and for decades and decades the american people have watched the ball drops in times square. the countdown to midnight, the start of the new year. the american people are waiting for the ball to drop. americans and taxes are approaching the walt wrong direction. on the first of this year americans will have less income than they have today. if we go over the cliff, and it looks like that's where we're headed the house of representatives as we speak have four days left after today for this year. the speaker has to give them 48 hours notice. i can't imagine their consciences. wherever they are around the country. we are here trying to get something done. >> so what happens in five days when the tax cuts expires? most americans will see 4 percent more taken out of their paychecks with the cuts expiry on the ears. we're com
Search Results 0 to 23 of about 24 (some duplicates have been removed)